Lam Research Corporation (NASDAQ:LRCX) exchanged hands 1,483,883 shares versus average trading capacity of 2.13M shares, while its relative trading volume is 0.69. Lam Research Corporation (NASDAQ:LRCX)’s total market worth is $18.39B along with 162.83M outstanding shares.
Insiders has most recently took part in a trading activity, Anstice Martin B, President and CEO of the company in a transaction that occurred 1/12/2017 sold 8,233 shares of the stock. The stock was sold at a price of $108.04, for a total value of $889,493. Subsequent to the transaction Anstice Martin B owned a total of 133,290 shares of the stock.
In a separate transaction on 1/12/2017, Anstice Martin B, President and CEO sold 7,767 shares of the stock. The stock was sold at a price of $107.40, for a total worth of $834,176. Succeeding to the transaction Anstice Martin B owned overall 141,523 shares of the stock.
Moreover, Archer Timothy, Chief Operating Officer sold 10,000 shares of the stock in a reserved transaction that ensued on 1/3/2017. At a price of $106.68, the stock was sold for an entire value of $1,066,800. Consequent to the transaction Archer Timothy owned a total of 82,061 shares of the stock.
Currently, 0.40% shares of Lam Research Corporation (NASDAQ:LRCX) are owned by insiders with -14.58% six-month change in the insider ownership.
Lam Research Corporation (NASDAQ:LRCX) ended last trading session at the price of $110.54 whereas a number of traders indicating mean target price will hit $118.83 over the next twelve months, mean value of price target most recently revised on 01/13/17. Lam Research Corporation (NASDAQ:LRCX)’s highest estimates of price target are $135.00 and low forecast is $92.00 based on the opinion of 18 analysts. The price target estimates represents a standard deviation of 12.99. However brokerage recommendations suggests an ABR of 1.38 based on calls of 13 experts.
Lam Research Corporation (NASDAQ:LRCX) is expected to release the earnings of its current quarter on 1/25/17 After Market Close. The company is expected to release $2.19 EPS during current quarter according to 18 analysts whereas the company reported $1.57 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $2.1 and high estimate of $2.26. Lam Research Corporation (NASDAQ:LRCX)’s average revenue estimates for the current quarter are $1.84B according to 16 number of analysts. However its lowest revenue estimates are $1.8B and highest revenue estimates are $1.88B. A year ago the company’s sales were $1.43B. Its yearly sales growth estimates are 29.30%. Past 5 years growth of Lam Research Corporation (NASDAQ:LRCX) observed at 35.77%, and for the next five years the analysts that follow this company are expecting its growth at 11.55%.